Homogeneous Middles vs. Heterogeneous Tails, and the End of the ‘Inverted-U’: The share of the rich is what it’s all about José Gabriel Palma

Examining the current global scene of distributional disparities within-nations, the author argues, among other things, that globalisation is creating a distributional scenario in which what really matters is the income-share of the rich. So, any attempt to understand the within-nations disparity of inequality should always be premised on this basic distributional fact.

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(This paper has been published in Cambridge Working Papers in Economics (CWPE) 1111.)